December 2023

2024 BCREA Mortgage Forecast

Posted on Dec 13, 2023


Highlights

  • Benchmark five-year bond yields tumbling, fixed mortgage rates to follow.
  • The Canadian economy slowed sharply in the third quarter.
  • The Bank of Canada is set to cut in 2024, but how much and how fast?

Mortgage Rate Outlook

After hitting a 15-year high in late fall, long-term Canadian bond yields have been tumbling to finish the year as financ...

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